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Quick facts: Founded: 1967 Folded: 1976, but still exists in the NBA for TV Revinue purposes Arena: Titles: Playoffs:Fun Fact At the conclusion of the 75-76 season the team was to relocate to Salt Lake City and become the Utah Rockies. However, the ABA and NBA decided to merge effectively ending the ABA. The Indiana Pacers, Denver Nuggets, San Antonio Spurs and New Jersey Nets joined the NBA. The Kentucky Colonels and Virginia Squires accepted a buyout and disbanded. The Spirits/Rockies however refused the buyout and wanted to join the NBA. The NBA and Spirits/Rockies came to an agreement where the ownership of the Spirits/Rockies would recived a cut of the leagues TV revinue. This has become one of the most lucrative deals in sports history. Since 1976 the team has collected an estimated 300 million dollars in revinue despite never playing a game. Thus sometimes the Utah Rockies are refered to as the NBA's ghost franchise.
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links: Time to end the greatest deal in history
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